Aviation insurance is a highly specialized industry with complex policies and stipulations. One insurance agency has released a report on aviation coverage policies to help private aircraft owners find suitable coverage.
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BWI Aviation Insurance’s new report, entitled “The 5 Best Airplane Insurance Tips For New Owners”, provides in-depth advice on finding aircraft policies. Created as a step-by-step guide, the publication offers tips for every stage of the purchasing process.
For more information, visit: https://bwifly.com/blog/the-5-best-airplane-insurance-tips-for-new-owners
Many aircraft owners neglect to consider insurance until after they have already purchased their new plane. According to BWI Aviation Insurance, however, it is important to consider coverage early on, preferably prior to buying an aircraft. The new report will help private aircraft owners find an insurance policy that suits their unique coverage needs.
The agency recommends that buyers reach out to a broker as soon as they have narrowed their options down to a particular make and model of plane. Certain aircraft are more expensive to insure or require that the owners have certain training, and it is important that buyers understand these additional costs early on.
It is also important to find a broker that specializes in aviation insurance. Experienced brokers will be able to assess their client’s piloting skill level and the make and model of their aircraft to provide suitable insurance recommendations.
Aviation insurance plans typically include $1,000,000 in liability coverage with $100,000 in coverage per passenger. Plane owners may also opt for additional coverage, such as hull protection to protect the plane itself in the event of a crash or accident.
This latest publication follows an uptick in private aircraft purchases over the last few years. According to one report, the private aircraft industry is set to grow by more than 10% post-pandemic.
With more than 40 years of experience, BWI Aviation Insurance is a leader in aviation insurance. With this latest release, the agency reaffirms its commitment to providing clients the advice they need to find high-quality insurance products to protect their plane and themselves no matter what happens.
A spokesperson for the company said: “At BWI Aviation Insurance, we understand how exciting it can be to buy an aircraft. We hope this report will give buyers a complete picture of the costs and considerations that go into buying a plane.”
Interested parties can read the report and find out more about BWI Aviation Insurance by visiting: https://bwifly.com/blog/the-5-best-airplane-insurance-tips-for-new-owners
Contact Info:
Name: Matt White
Email: Send Email
Organization: BWI Aviation Insurance
Address: 710 Rimpau Ave Suite 203, Corona, California 92879, United States
Phone: +1-800-666-4359
Website: https://bwifly.com
Release ID: 89072925
